Integrated Bridge System (IBS) Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Platform (Commercial Ships, Naval Warships); Size (Small Ships, Medium Ships, Large Ships); Module (Radar System, Communication Console, ECDIS) and Geography
Report Code: TIPRE00006611
| No. of Pages: 150
| Category: Aerospace and Defense
| Status: Upcoming
Integrated bridge system combines digital bridge system with integrated firefighting control and other technologies. The demand for integrated bridge systems is gaining traction among commercial, naval, and cargo ships manufacturers in recent years. Stringent navigational safety regulations and trade agreements between countries are key factors fueling the growth of the integrated bridge systems market. Industry players are adopting new product launches as a pivotal strategy to leverage growth.
The "Global Integrated Bridge Systems (IBS) Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of integrated bridge systems market with detailed market segmentation by platform, size, module, and geography. The global integrated bridge systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading integrated bridge systems market players and offers key trends and opportunities in the market.
Based on platform, the market is segmented as commercial ships and naval warships.
On the basis of the size, the market is segmented as small ships, medium ships, and large ships.
The market on the basis of the module is classified as radar system, communication console, and ECDIS.
Increasing global seaborne trade coupled with the rise in maritime tourism
Increasing compliance with maritime safety norms These farms' vertically stacked structure avoids the need for extra construction and land.
rapid rise in port cities across developing countries. Restraints:
possible cyber threats associated with digitization.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global integrated bridge systems market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The integrated bridge systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting integrated bridge systems Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the integrated bridge systems market in these regions.
IMPACT OF COVID-19 ON INTEGRATED BRIDGE SYSTEMS MARKET
The outbreak of the COVID-19 has severely impacted the defense, aerospace, aviation and other related industries. The emergence of COVID-19 virus across the globe which led to lockdown scenarios has led to unprecedented series of closures in maritime activity across the globe. This disruption is expected to leave an impact on the defense and maritime industry through till mid-2021. With the rising concern of health of the general public, governments across nations are focused on investments on healthcare and related industries and there has been a shift of budget allocation from defense to healthcare. However, demand for defense related products such as integrated bridge systems will remain unaffected as the budgets for defense related projects had been allocated prior to the pandemic. However, the market associated with passenger ships and leisure vessels segment has been hit drastically by the COVID-19 pandemic and is expected recover from mid - 2021.
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The reports cover key developments in the integrated bridge systems market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from integrated bridge systems market are anticipated to lucrative growth opportunities in the future with the rising demand for integrated bridge systems market. Below mentioned is the list of few companies engaged in the integrated bridge systems market.
The report also includes the profiles of key integrated bridge systems market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
FURUNO ELECTRIC CO., LTD.
Marine Technologies, LLC
Northrop Grumman Sperry Marine B.V.
Praxis Automation Technology B.V.
Raytheon Anschütz GmbH
Transas Marine Limited
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.